Arysta LifeScience to buy major assets of Micro Flo Company from BASF

21-Mar-2006

Arysta LifeScience North America Corporation and BASF Corporation announced that they have reached final agreement on the acquisition of major assets of Micro Flo Company LLC, Memphis, Tenn., a wholly owned subsidiary of BASF Corporation. The acquisition will significantly broaden the scope of Arysta LifeScience's North American sales operations and create a strategic position in the U.S. crop protection segment. Closing of the transaction is expected by the end of the first quarter 2006 pending customary regulatory approvals. Both companies agreed not to disclose financial details of the transaction.

Micro Flo, with headquarters in Memphis, Tenn., and a formulation site in Sparks, Ga., is a manufacturer and distributor of off-patent crop protection chemicals and offers a variety of manufacturing and distribution services. This includes wholesale distributorships for fungicides, herbicides, insecticides, and plant growth regulating agents. Micro Flo has relationships with the major U.S.-based agricultural distribution networks.

Under the agreement, Arysta LifeScience North America Corporation will acquire the commercial business of Micro Flo, including a portfolio of active ingredients and registrations, the Micro Flo trademark, patents and the development laboratory located in Sparks. BASF will continue to own and operate the formulation production facility in Sparks. Arysta LifeScience will be an important customer for BASF, and long-term agreements will ensure continuity for the supply of the Micro Flo products sourced from BASF. With the exception of the employees at the Sparks manufacturing site who will remain with BASF, all Micro Flo personnel will be offered equivalent positions with Arysta LifeScience, including the development laboratory staff at the Sparks facility.

https://www.chemeurope.com/en/news/53262/arysta-lifescience-to-buy-major-assets-of-micro-flo-company-from-basf.html